Client Account Transactions

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CCH Insolvency allows a practice client account to maintained so that any monies received pre-appointment can be allocated to a particular job and reviewed in that job without affecting the job’s bank balance.

This allows for a clear separation between pre- and post-appointment monies, and proper reconciliations of both the client and job accounts.

Introduction to the client account

The workflow is as follows :

  • Monies are received pre-appointment from, for example, the company receives book debt payments where the bank account is overdrawn and the bank does not have a valid charge over book debts.  It is therefore appropriate to may these monies into the practices client account.
  • A receipt is entered into the practice client account.  Entries are automatically created in the job.
  • Once the appointment is approved, a payment is entered in the practice client account.  An entry, confirming the payment from the client account to the job is automatically created.


Adding a new bank account
This section describes the process for adding a new client bank account.
Making payments from the practice's client account
Once the Insolvency Practitioner has been appointed in the job, the monies in the client account should be transferred to the job bank account.
Receiving monies into the practice's client account
This section details how monies may be received into the practices client account.
Receiving batch payments into the practice's client account
This section describes the process for making payments into the practices client account.  You may create any number of entries paying monies from several different sources, and in respect of different jobs, into one or more client accounts.  The scenario below is that a schedule of daily receipts can be created, authorised and approved separately.
Making Grouped Deposits and Payments
You may group multiple deposits and/or payment so receipts and payments including transactions for different payees may be represented as a single transaction.